Leggett & Platt, Incorporated's (NYSE: LEG) stock saw an increase following a buyout offer from Somnigroup International Inc. (NYSE: SGI) to purchase all LEG shares in an all-stock deal. Under the proposal, shareholders of LEG would be given Somnigroup shares equivalent to $12.00 per LEG share, determined by a set exchange ratio. This offer presents a premium of 30.3% compared to LEG's 30-day average trading price. For more details, refer to the complete article on Benzinga.com.